EUROPEAN ALUMINIUM’s Post

The first-ever Russian gas sanctions are a momentous step for the EU. However, one sector still generating billions for Russia has been left untouched in the 14th sanctions package—aluminium ❗ ➡ Over the past two years, Russia has raked in approximately €3.5 billion in revenue from #aluminium exports, directly contradicting the #G7's pledge to reduce Russian metal revenues. With EU production and imports from other regions, we can supply the European demand without having to rely on Russian imports. We continue to call for a comprehensive ban on Russian aluminium! #BanRussianaluminium

The EU's latest sanctions package hits Russian LNG imports, marking a key step in reducing Europe's energy reliance on Russia. But there's one major sector still largely untouched – Russian #aluminium. 🤔 ➡️ The European aluminium industry has proven it can manage without Russian imports, cutting dependence on Russian imports by 35% in 2023. Russia now holds just an 8% market share of the EU's aluminium ingot imports in 2024. 📉 It's time for the EU to go all in! Let’s extend sanctions to include all major aluminium product categories, from ingots to slabs and billets. This move will further cut economic support for actions against European values and boost our #madeineurope industry. 💪 We’ve shown that decoupling from Russia is possible – now, let’s make it happen fully! 📢

Europe should not overlook the Russian pipeline gas too. Slovakia and Austria still insist on continuation of transit of Russian gas after 2024 when the current transit contract expires. It even easier to impose sanctions on pipeline gas than LNG.

🚨 The EU has imposed its first ever sanctions on Russian LNG shipments⛽️ The latest package prohibits Russian exporters from using EU ports to transfer #LNG between large tankers and smaller vessels bound for third countries. Though not a full ban, it targets a key revenue stream for Moscow's energy exports. 💰 With the EU seeking to replace cut-off Russian pipeline gas, LNG imports had increased since the Ukraine invasion. But concerns over supply shortages prompted this move to tighten sanctions while still meeting storage needs. 🏭⚠️ A smart strategic step to further squeeze Putin's war chest? Or too little, too late? Share your views on the business implications of this escalation. 💼💻 https://lnkd.in/gkB7UxAf #BusinessStrategy #SupplyChains #Commodities #EnergyPolitics #RussiaUkraineWar #EUSanctions #Geopolitics

🌍 EU grapples with Russian LNG imports as calls for sanctions grow 🛢️ Despite pressure to tighten sanctions, European Union nations remain dependent on Russian LNG, importing over 34 million mt since 2022. Over 60 MEPs urge a ban, yet commercial pressures, like TotalEnergies contracts, hinder efforts. Urgewald's report highlights the need for diversification. Read more on ENGINE: https://lnkd.in/gcG8C8Tu #EU #Russia #LNG #Sanctions #europe #energynews #alternativefuels #bunkering #bunkerfuel #spain #germany #TotalEnergies #Urgewald #shipping #shippingnews #europeanunion #lngindustry 🌐🛢️

🚫The European Union has tightened its stance against 🇷🇺#Russia, introducing a fresh set of #sanctions that target #LNG exports. This 14th package of sanctions aims to plug loopholes and directly impact Russia's #gas revenues. The new restrictions prohibit trans-shipments of LNG off EU ports, aiming to reduce Russia's earnings from these exports. Additionally, a clause enables Sweden and Finland to terminate certain LNG contracts. 💸 What's your take on this? Share your thoughts with us! 💬 Let's discuss the implications of these sanctions on the forex market. #WikiTrade #EUvsRussia #LNGSanctions

🚨 BREAKING: $2 Billion of Russian Oil Purchased in First Half of 2024* 🧭 Western countries are quietly buying Russian oil through a sanctions loophole, with imports from Turkish refineries on the rise. ⛽Despite banning nearly all Russian oil imports, countries can still purchase fuel if it's first processed in another country, such as Turkey. 🇹🇷 According to a recent analysis, Western allies purchased around $2 billion worth of fuel made from Russian oil in the first half of 2024. 🛢️This workaround has led to growing shipments of gasoline, diesel, and other products made from Russian crude oil in recent months. 🇪🇺The EU and its Western allies initially imposed sanctions to limit Russia's energy revenue, but this loophole undermines the effectiveness of these measures. ❓The development raises questions about the unity and resolve of Western nations in enforcing sanctions against Russia. #RussianOil #SanctionsLoophole #WesternAllies #EnergyPolitics

Breaking News: The EU has just implemented its 14th package of sanctions against Russia, targeting LNG exports for the first time. This strategic move includes banning trans-shipments of LNG cargoes off EU ports and enforcing new investment and service prohibitions on Russian LNG projects. This action aims to significantly reduce Russia's LNG revenue, marking a pivotal step in the EU's ongoing efforts to respond to the conflict in Ukraine. #EUSanctions #LNGExports #Geopolitics #EuropeanUnion #RussiaUkraineConflict

EU plans to restrict LNG supplies from Russia — EUobserver According to the draft document, the package comprises sanctions against the oil tanker fleet and restrictions on the access to dual-use technologies BRUSSELS, June 19/ The European Union is going to introduce restrictions on supplies of liquefied natural gas (LNG) and helium imports from Russia as part of the 14th package of anti-Russian sanctions, the EUobserver said, citing a draft paper in its disposal. According to the draft document, the package comprises sanctions against the oil tanker fleet and restrictions on the access to dual-use technologies. The European Commission believes that planned sanctions will force Russian companies to change the business model of LNG trading, particularly as regards supplies to Asia through ports of Belgium, Spain, and France. #business #finance #financialservices

Sanctions are important, but Russian coal exports were already down Recent US and EU sanctions target Russia's coal giants, SUEK and Mechel, amid challenges in the energy payment landscape. With January exports (10.72 Mt) hitting their lowest since Feb 2019 and a modest rebound in February (12 Mt), Russian coal faces a tough market environment. Competition from Australia and Indonesia, combined with European import bans, logistical hurdles, and China's renewed tariffs, intensifies the struggle. The Colombia-China coal agreement further indicates sustained pressure on Russian exports. Kpler Insight forecasts a significant drop in #Russia's seaborne #coal exports in 2024, highlighting the compounded effect of geopolitical tensions and market dynamics. Stay ahead of the markets. Request a demo here: https://lnkd.in/dEHxnViA #kpler #EnergyMarket #Sanctions #CoalExports #GlobalTrade